IDEX Co. (NYSE:IEX) Shares Purchased by Blair William & Co. IL
Blair William & Co. IL boosted its holdings in shares of IDEX Co. (NYSE:IEX) by 39.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,055 shares of the industrial products company’s stock after purchasing an additional 858 shares during the period. Blair William & Co. IL’s holdings in IDEX were worth $557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. grew its position in IDEX by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 8,716,437 shares of the industrial products company’s stock worth $1,377,545,000 after purchasing an additional 223,596 shares during the period. FMR LLC boosted its stake in shares of IDEX by 1.3% in the second quarter. FMR LLC now owns 1,583,633 shares of the industrial products company’s stock worth $250,277,000 after buying an additional 20,122 shares during the last quarter. Alps Advisors Inc. grew its holdings in IDEX by 83,925.2% during the third quarter. Alps Advisors Inc. now owns 1,336,000 shares of the industrial products company’s stock worth $594,000 after acquiring an additional 1,334,410 shares during the period. Goldman Sachs Group Inc. raised its position in IDEX by 25.7% during the second quarter. Goldman Sachs Group Inc. now owns 936,715 shares of the industrial products company’s stock valued at $148,038,000 after acquiring an additional 191,635 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in IDEX by 11,323.7% in the second quarter. Nordea Investment Management AB now owns 887,968 shares of the industrial products company’s stock valued at $137,644,000 after acquiring an additional 880,195 shares during the period. 97.01% of the stock is currently owned by institutional investors.
Several equities analysts have recently weighed in on IEX shares. Wells Fargo & Company lifted their target price on shares of IDEX from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Monday, July 27th. Rosenblatt Securities upped their price target on IDEX from $178.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, September 22nd. Stifel Nicolaus lifted their price objective on IDEX from $172.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Finally, Zacks Investment Research raised IDEX from a “sell” rating to a “hold” rating and set a $187.00 price objective on the stock in a research note on Friday, September 25th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. IDEX has a consensus rating of “Buy” and a consensus target price of $173.82.
IDEX (NYSE:IEX) last posted its earnings results on Tuesday, October 27th. The industrial products company reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.20. IDEX had a net margin of 15.94% and a return on equity of 17.21%. On average, research analysts forecast that IDEX Co. will post 5.15 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 29th. Shareholders of record on Thursday, January 14th will be paid a $0.50 dividend. The ex-dividend date is Wednesday, January 13th. This represents a $2.00 annualized dividend and a yield of 1.03%. IDEX’s dividend payout ratio (DPR) is 34.48%.
In related news, SVP Jeffrey D. Bucklew sold 1,936 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $180.90, for a total value of $350,222.40. Following the sale, the senior vice president now owns 740 shares in the company, valued at $133,866. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew K. Silvernail sold 152,450 shares of IDEX stock in a transaction on Monday, November 9th. The shares were sold at an average price of $189.66, for a total value of $28,913,667.00. Following the sale, the chief executive officer now directly owns 50,693 shares of the company’s stock, valued at approximately $9,614,434.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 292,209 shares of company stock worth $52,827,126. Insiders own 1.10% of the company’s stock.
IDEX Corporation, together with its subsidiaries, operates as an applied solutions company worldwide. The company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). The FMT segment designs, produces, and distributes positive displacement pumps, flow meters, injectors, and other fluid-handling pump modules and systems, as well as offers flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.
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